News list for " dovish"
Powell gradually reduced dovish guidance? He pointed out that the US economy has not released a signal to continue cutting interest rates, emphasizing the need to control the pace in the process of finding a neutral stance.
The August non-farm payrolls data has been watched by both hawks and doves, leaving the Federal Reserve's policy direction in the fall full of uncertainty. A 25 basis point rate cut in September is almost a foregone conclusion, but the situation after that has become more complicated. The ambiguous non-farm payrolls report will not change the Fed's inclination to start cutting interest rates at its September meeting. But it does not provide much clear information on what will happen next - neith...
Analysts said the FOMC's July meeting notes were too dovish, making it clear that the Fed would cut rates in September, and that was the most information Powell could give in his Jackson Hole speech on Friday. That would make traders (too) optimistic that there would be four rate cuts before the end of the year, while the Fed would probably cut rates only two or three times. We can see that the swap market is pricing in about 95 basis points for the Fed to cut rates by December, suggesting that ...
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